On 21st August 2023 Plasticcycle, the social entrepreneurship project of the John Keells Group Launched one of their main projects for the year, “Start-Up-Cycle”, a challenge platform launched in collaboration with John Keells X – the Group’s startup accelerator, and John Keells Research – the Group’s R&D and Innovation arm. It aims to provide Sri Lankan innovators and entrepreneurs the opportunity to pitch their solutions to address the problem statements provided by Sri Lankan businesses, relating to their challenges in reducing plastic usage and waste, in an effort to seek innovative implementable long-term solutions.[CW1] [HW2] Start-Up-Cycle aims to nurture and support selected entrepreneurs and innovators as they incubate and develop their ideas while acting as a driving force for change, inspiring innovative thinking, and entrepreneurial spirit among participants by fostering and empowering the next generation of change-makers, all while striving to create a vibrant ecosystem of solutions to combat plastic pollution in Sri Lanka.
With the increasing enthusiasm shown by individuals in promoting and adopting sustainable practices, at both global and local levels, Start-Up-Cycle strives to become a transformative platform that propels this spirit of innovation. In recent times, Sri Lanka’s retail, hospitality, and consumer foods sectors have encountered substantial obstacles in combating plastic-related concerns. The limited technological advancements within the country and the absence of effective economic policies has rendered the task of overcoming these challenges exceptionally demanding. In response to this urgent issue, we are proud to introduce Start-Up-Cycle—a challenge platform designed to unearth pioneering solutions that directly target the issue of plastic pollution within our nation. The challenge will be conducted in four distinct stages. Participants from diverse backgrounds are invited to submit their problem statements, highlighting the unique plastic-related challenges they encounter in the retail, hospitality and consumer foods sectors. Our primary objective is to find creative and sustainable answers to these industry-specific issues.
Upon submission, all applicants will undergo a rigorous evaluation based on predetermined criteria. Shortlisted candidates will then be invited to[CW3] [HW4] participate in an exclusive open-day event where they will have the opportunity to meet and interact with the owners and heads of the respective businesses presenting the problem statements. During this interactive session, applicants can delve into the specific details of each challenge and seek clarification, fostering a deeper understanding of the issues at hand. Further a 6-week programme will be conducted where industry experts from the Legal, Financial, Business processes and Marketing fields will guide and support the solution providers in their journey for developing their minimum viable product (MVP).
This challenge will pave the way for innovative solutions that can revolutionize the way we approach plastic pollution in Sri Lanka.
For more information visit www.Plasticcycle.lk/startupcycle. John Keells Holdings PLC (JKH), is the largest conglomerate listed on the Colombo Stock Exchange, operating with over 70 companies in 7 diverse industry sectors. With a history of over 150 years, John Keells Group provides employment to over 14,000 persons and has been ranked as Sri Lanka’s ‘Most Respected Entity’ for the last 18 Years by LMD magazine. John Keells Holdings PLC was ranked first for the third consecutive year in the ‘Transparency in Corporate Reporting Assessment’ by Transparency International Sri Lanka. Whilst being a full member of the World Economic Forum and a participant of the UN Global Compact, JKH drives its CSR vision of “Empowering the Nation for Tomorrow” through John Keells Foundation and through the social entrepreneurship initiative, ‘Plasticcycle’, which is a catalyst in significantly reducing plastic pollution in Sri Lanka.